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Wednesday, March 12, 2014

INDIAN BENCHMARKS end flat ahead of Jan IIP, Feb CPI data

INDIAN BENCHMARKS came off their day's highs to end flat amid a range bound trading session as investors turned cautious ahead of industrial production for January and consumer price inflation data for February to be released later today.

Further, Shares of Just Dial are trading higher by 6%, after the National Stock Exchange decided to include them in the futures and options segment. Shares of Maruti Suzuki down 2% at Rs1728 after report stated that mutual fund houses upped their stake against the company by writing another letter to the Japanese carmaker.

The crucial resistance for Nifty is now seen at 6565 and above this 6600. Support for the immediate term is now placed at 6410 and next support will be 6340.

• Watch out for the Wholesale Price Index (WPI) on 14TH March. 


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